A deduction shall not be allowed for capital loss carrybacks provided by Section 1212 of the Internal Revenue Code, relating to capital loss carrybacks and carryovers.
Cal. Rev. & Tax. Code § 18155
General Rules for Determining Capital Gains and Losses
Amended by Stats. 2015, Ch. 359, Sec. 18
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.